*APR=Annual Percentage Rate. Rates subject to change without notice. Actual loan rate will be based on Member’s creditworthiness, LTV, and Term. The APR is the cost of the loan in percentage terms taking into account various loan charges of which interest is only one such charge. The APR on all 2nd Mortgage products is equal to the stated rate based on the following: The Credit Union will pay your closing costs on loans up to $100,000. For loans $100,001 or more, the borrower pays closing costs and APR will vary from stated Rate. If the Second Mortgage or Home Equity Line of Credit is discontinued or paid off within three years and the credit union paid your closing costs, a surrender fee of up to $400.00 will be charged. If your closing costs were less than $400.00 only the actual cost will be charged. Appraisal Fee may be required when tax assessment or automation valuation analysis does not meet underwriting criteria or loan amount is greater than $250,000. Hazard, flood and other applicable insurances may be required. All IBMSECU real estate loans are subject to income verification and credit approval. For more information contact a Mortgage Representative for full details on the rates, terms, fees and conditions that may apply. Certain states may not be eligible. For an owner-occupied fixed rate second mortgage with LTV of 80% or less, the maximum term is 20 years. If the LTV is greater than 80%, the maximum term is 10 years.

Events

IBMSECU early closure for Christmas Eve on Dec 24

IBMSECU closed for Christmas Day on Dec 25

IBMSECU early closure for New Year's Eve on Dec 31

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Since 1969, our Credit Union has been built on “people helping people.” We value your Membership and look forward to meeting all your financial needs. If you have any questions, please contact us, call 800.873.5100, or email serviceplus@ibmsecu.org

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